21.8
Below average
Property score
21.8
Below average
Overall 21.8
Smaller and older than most nearby homes
686 sqft (bottom 18%)
Built in 1912 (22 yrs older than avg)
Located in a below-average income area
with median household income of ~32.4k
Transit 100.0
1-min walk to transit with 7 nearby routes
Within 500m: 1 shop, 3 parks, 4 place of worships, and 1 government office nearby
Sold for $250,000 over asking
Winnipeg Real Estate Sales Summary & Market Analysis May 11–17, 2026
Living Area
Below average
28% smaller than neighborhood avg.
Year Built
Below average
22 yrs older than neighborhood avg.
Mother tongue
English · 71%Tagalog · 4%
Past 10 years Chalmers sales snapshot (~80% of all data)
1,193
206.3k
$226/sqft
1934
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21.8 is composed by the two sections below.
Property Score
Community Score
Chalmers
How to read: Share of sales in each ~$50k price band for “chalmers” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110684
$32K
Median household income
$42K
Average household income
42%
Low income (LIM-AT)
0.3
Income inequality (Gini)
3.5
P90 / P10 ratio
51%
Single-person households
12%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
362 Talbot Avenue — 9 amenities found within 500 m, across 4 categories, including 1 shopping (nearest 469 m), 3 parks (nearest 401 m).
Chalmers · WPS public data · 2026
Annual incidents
67
2026
vs. city avg
+127%
relative to avg
Year-over-year
▼ -94%
vs. prior year
Primary type
Property
51%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Bottom 1% | Bottom 1% | Bottom 1% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Summary: 362 Talbot Avenue, Winnipeg
Section 1: Key Characteristics & Appeal
This is a modest, one-storey home built in 1912, situated on a standard-sized lot in the Chalmers neighbourhood. Its key appeal lies in its position as an accessible entry point into the Winnipeg market. The home is notably compact, with a living area significantly below local averages, and features an unrenovated basement and no garage. The assessed value is very low compared to city-wide averages, indicating a property with fundamental value rooted primarily in its land.
This property would best suit a specific type of buyer: a hands-on investor or a very budget-conscious first-time buyer willing to live in a basic footprint while planning for future expansion or redevelopment. Its low tax assessment is a consistent financial advantage. A less obvious perspective is that its small size and unrenovated state represent a clear canvas with minimal financial risk, allowing for a tailored renovation or a strategic hold as a land asset in an established neighbourhood. It is not suited for those seeking move-in-ready comfort or spacious living.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city average?
The assessed value reflects the property's very small living space, older age, and lack of renovations compared to the broader Winnipeg housing stock. It is more in line with values for similar, smaller homes in its immediate area.
2. What does "Top 98%" for assessed value mean?
This statistic means the property's assessed value is in the bottom 2% of all similar residential properties citywide. In simpler terms, it is assessed lower than 98% of homes in Winnipeg, highlighting its position as a lower-value asset.
3. Is this a good candidate for a "tear-down" and rebuild?
Potentially. The lot size is standard for the street and neighbourhood. The existing structure adds little to the property's value, making the land itself the primary asset. Any rebuild plans would need to comply with local zoning bylaws.
4. How does the living area compare to nearby homes?
At 686 sqft, the living area is well below the average for both Talbot Avenue and the Chalmers neighbourhood. This confirms the home is one of the smaller available options in the area.
5. What are the immediate costs or projects a new owner should anticipate?
Given the age and mention of an unrenovated basement, a new owner should budget for essential systems updates (like plumbing or electrical) and moisture control. The lack of a garage and small interior space may also prompt early planning for an addition or strategic renovation to improve livability.
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